Energy
ZF Power Summit 2016: Energy Sector Needs Investment And Predictability
Romania’s energy sector badly needs investment, as well as clarifications about the legislation, royalties and renewable energy, the participants to the ZF Power Summit 2016 concluded.
National Uranium Company Replaces General Manager
The Board of Directors of National Uranium Company (CNU) has replaced the company’s general manager Adrian Posa with Gelu Maracineanu, on the backdrop of the situation generated by a potenti...
Rompetrol To Open 15 New Gas Stations In Romania In 2016
KMG International (former Rompetrol Group), the second largest player on the local oil market, will open 15 new gas stations in Romania this year.
MOL Romania To Open 11 Gas Stations In 2016
The gas station network of MOL Romania was extended by seven new units in 2015 and 11 new units are expected to be opened in 2016, of which three have already been inaugurated early this yea...
Main Vulnerability Of State-Run Energy Companies Is Related To Corporate Governance - Minister
The main vulnerability of state-run energy companies is related to their corporate governance, the way they are managed, with zones where the deficiencies are obvious, Energy Minister Victor...
Energy Minister: Romania’s New Energy Strategy To Be Completed By September
The Romanian Energy Ministry will complete the country’s energy strategy, valid between 2016 and 2030, until September 15, but its chapters will be launched for public debate one by one, as...
Nuclearelectrica Suspends Manager of CNE Cernavoda Subsidiary
The management of Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) has suspended the manager and the financial manager of the subsidiary of nuclear power plant in Cernav...
OMV Petrom To Reduce Crude Oil Output By 4% In 2016
Romania’s largest company OMV Petrom (SNP.RO) will reduce its crude oil output by 4% in 2016, after having extracted 65.19 million barrels of oil last year, 1% lower than in 2014, Gabriel Se...
OMV Petrom CEO: Arpechim Refinery Likely To Be Disbanded On Lack Of Buying Interest
Romania's largest company OMV Petrom (SNP.RO) will keep the Arpechim refinery closed, but it will use its reservoirs to store crude oil, and, on lack of buying interest, it will probably dis...